Medical Career Academy Inc (EIN 464181792) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

Tina M Palermo

Phone

5612830400

Tax Period

2024-01-01 to 2024-12-31

Medical Career Academy Inc, founded in 2013, is a small nonprofit in the Education sector that reported $942K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.1M exceeded revenue, resulting in a 17% operating deficit.

Mission

Provide students with challenging academic opportunities that advance positive individual growth and prepare responsible citizens for health career positions in the community.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $939,150

Investment Income $0

Other Revenue $2,419

TOTAL REVENUE $941,569

Expense Breakdown

Grants Paid $0

Salaries & Benefits $645,173

Fundraising Expenses $0

Program Expenses $870,647

Other Expenses $456,041

TOTAL EXPENSES $1,101,214

Year-over-Year Comparison

	2024	2023	Change
Revenue	$941,569	$852,966	+0.1%
Expenses	$1,101,214	$811,969	+0.4%
Net Income	$-159,645	$40,997	-4.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$249,178

Total Directors

$249,178

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tina M Palermo	President CEO	40.00	Officer Director	$91,520	$0	$91,520
Rochelle E Goldberg	Vice President COO	40.00	Officer Director	$85,280	$0	$85,280
Russell C Lee	Director	30.00	Officer Director	$72,378	$0	$72,378

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$941,569	$1,101,214	$693,340	$-159,645
2023	$852,966	$811,969	$798,414	$40,997
2022	$694,226	$641,638	$803,948	$52,588
2021	$532,336	$557,925	$1,015,799	$-25,589
2020	$708,430	$509,885	$879,668	$198,545
2019	$584,081	$532,265	$181,515	$51,816
2019	$604,980	$561,398	$262,202	$43,582
2018	$629,781	$545,895	$187,734	$83,886

Medical Career Academy Inc